By Hana Matsuda Fact-checked by Desmond Ayodele Published
Forbes ranked TSM the most valuable esports company in the world in 2022, at $540 million. A year later it sold its LCS slot for a reported $10 million. Team SoloMid still exists in November 2026, but it no longer plays League of Legends or VALORANT. It now competes in Rocket League and is a partner team in Marvel Rivals Ignite.
Key takeaways
- TSM is still an active organization, but it has fielded no League of Legends team since its 2023 LCS slot sale to Shopify Rebellion.
- The $210M FTX deal was suspended after about 17 months, and TSM reportedly collected roughly one $21M payment.
- TSM announced its VALORANT exit on November 3, 2025, weeks after losing the VCT Ascension Americas final 1-3 to ENVY.
- In 2026 TSM signed the former Project Delacruz Rocket League roster and joined Marvel Rivals Ignite as a partner.
- The $540M Forbes valuation is from the 2022 list and predates both FTX’s collapse and the LCS exit.
Fact-checked
We checked these key facts against the sources named, on November 13, 2026:
- Forbes valued TSM at $540 million on its 2022 list, the most recent edition found (source: forbes.com)
- Forbes ranked TSM the most valuable esports company in the world in 2022, at $540 million (source: forbes.com)
- The latest Forbes valuation found is from the 2022 list: $540 million, which ranked TSM first in the world (source: forbes.com)
Does Team SoloMid still exist? (Status as of November 2026)
Yes. TSM is an active esports organization in November 2026. It left League of Legends after 2023, VALORANT in November 2025 and Apex Legends in February 2026. It has no active Counter-Strike 2 lineup. Its competitive presence now rests on an Asia-Pacific Rocket League roster and its Marvel Rivals Ignite 2026 partnership.
So if you’re asking whether TSM is dead or just out of LoL, the answer is the second. The brand is alive. The League team that made it famous is gone.
Where TSM competes right now
| Game | Status | Last change | Date | Source |
|---|---|---|---|---|
| Rocket League | Active | Signed ex-Project Delacruz roster | Feb 2026 | TSM on X, Esports Insider |
| Marvel Rivals | Partner team | Named Rivals Esports Ignite 2026 partner | Feb 10, 2026 | TSM on X |
| Apex Legends | Exited | Roster released after ALGS Championship | Early Feb 2026 | Esports News UK |
| VALORANT | Exited | Exit announced, “no immediate return” | Nov 3, 2025 | Sheep Esports |
| Counter-Strike 2 | No active lineup | Danish roster released and benched | Dec 2024 | Insider Gaming, HLTV |
| League of Legends | Exited | LCS slot sold to Shopify Rebellion | Sept 20, 2023 | New York Times reporting |
Games TSM has left, and when
TSM has left three major titles in about two and a half years. League went first, in September 2023, the biggest loss to its identity. VALORANT followed in November 2025, after five years in the game. Apex Legends came next, in early February 2026.
Counter-Strike is a quieter case. TSM never announced an exit, but it has fielded no lineup since its December 2024 roster changes.
Shotcaller's note
Treat TSM’s official X account (@TSM) as the primary source for entries and exits. The Rocket League return, the Marvel Rivals partnership and the VALORANT exit were all announced there first.
Why was TSM called Team SoloMid?
The name came from SoloMid.net, a League of Legends guide and community site. The pro team grew out of that site and carried its name. “Solo mid” is the LoL term for a lone player in the middle lane.
From guide site to pro team
Brothers Andy “Reginald” Dinh and Dan Dinh co-founded TSM in September 2009. Andy also played for the team in its early years. He later became its CEO and the face of the organization.
SoloMid.net gave the team an audience before it had much of a pro scene to compete in. The guides attracted players. The players then followed the team.
Team SoloMid vs TSM vs TSM FTX
These names all refer to the same organization at different points in time:
- Team SoloMid: the original full name, tied to SoloMid.net.
- TSM: the short form the org now uses everywhere, including on X and its store.
- TSM FTX: the official name from June 2021 under the FTX naming-rights deal. It was dropped in November 2022.
TSM-branded side ventures are separate from the teams. The Blitz companion app and TSM’s Los Angeles performance facility grew out of the TSM business. Neither is a competitive roster, and neither tells you what TSM fields today.
TSM in League of Legends: the LCS years (2013–2023)
TSM played in the LCS from its first season in 2013 to 2023. For most of that time it was North America’s flagship team. It won titles, had the biggest fanbase and set the standard for NA esports organizations.
The dynasty years
TSM won the first LCS split in Spring 2013 and kept winning through the 2010s. Bjergsen, Doublelift, WildTurtle, Hauntzer and Svenskeren became household names in NA League. If you were a North American fan in that era, you either loved TSM or watched games hoping it would lose.
Its last LCS title came in Summer 2020. That team then went 0-6 in the group stage at Worlds 2020. In hindsight, that result marks the start of the decline.
The decline: roster churn and the Doublelift fallout
After 2020, the core left and the lineups kept changing. Doublelift retired. In late 2021 he accused Reginald on stream of verbally abusing players. Riot Games opened an investigation, and its 2022 ruling (covered below) damaged TSM’s reputation with players and fans.
By 2023 TSM was finishing near the bottom of the LCS standings. That is the answer to the common question “What happened to TSM? Everyone that made TSM TSM is gone.” It’s largely true. The players, the winning culture and finally the slot all left.
Why did TSM quit League of Legends?
TSM sold its LCS franchise slot to Shopify Rebellion for about $10 million, according to the New York Times. The sale was announced on September 20, 2023. Reginald said TSM wanted to compete in a “tier-one region” and that the decision had been three years in the making.
The Shopify Rebellion deal
Shopify Rebellion took over the slot for the 2024 LCS season. For context, that $10 million came only 16 months after Forbes valued the whole organization at $540 million. LCS slots had lost value across the league by then, and TSM was selling a team that was losing.
The “tier-one region” plan and what came of it
Reports at the time linked TSM to China’s LPL and to a possible purchase of Astralis’ LEC slot. Neither happened. More than three years later, as of November 2026, TSM has not returned to pro League of Legends in any region.
Fans still ask whether the LPL and LEC talk was real or just an excuse to sell. Nobody can prove intent. What the record shows is clear: no tier-one team ever appeared. If you’re following LoL Worlds 2026, you won’t see TSM in the bracket.
Where the last TSM LoL roster went
Shopify Rebellion kept jungler Bugi, mid laner Insanity and head coach Reven from TSM’s 2023 team, according to Sheep Esports. Veteran ADC WildTurtle stayed on as a streamer and bot lane substitute. Hauntzer and Chime were reported to be leaving.
Shotcaller's note
Looking for the last TSM LoL players? Start with Shopify Rebellion’s 2024 roster history. That’s where the slot, two starters, the head coach and WildTurtle went.
The FTX deal: $210M on paper, about one payment in reality
In June 2021, TSM signed a 10-year naming-rights deal with the crypto exchange FTX. It was worth $210 million, or $21 million a year. The org became “TSM FTX.” TSM suspended the deal on November 16, 2022, less than a week after FTX filed for Chapter 11 bankruptcy.
The Block reported that TSM removed FTX logos from jerseys and social profiles when it halted the deal. Reporting since then says TSM collected roughly one annual payment. So did TSM ever get the rest of the FTX money? No published report says it did.
The deal collapsed so fast because it rested on one company. A naming-rights deal is only worth what the sponsor can pay. Once FTX failed, nine years of the contract were effectively worthless.
Did you know?
According to Gfinity Esports, the FTX naming deal was billed as the biggest sponsorship in esports history but lasted only about 17 months. TSM reportedly collected roughly one $21 million payment from the $210 million total.
What is TSM’s net worth?
There is no current official figure. The latest Forbes valuation found is from the 2022 list: $540 million, which ranked TSM first in the world. That number predates the FTX collapse, the LCS sale and the VALORANT exit, so you shouldn’t treat it as current.
Forbes valuations over time
| Year | Event | Figure | Source |
|---|---|---|---|
| 2020 | Forbes valuation (+3%) | $410M | Forbes Dec 2020 list via Dexerto |
| June 2021 | FTX naming deal signed | $210M over 10 years | Gfinity Esports |
| 2022 | Forbes valuation (+32%), ranked #1 | $540M | Forbes 2022 list via Hitmarker |
| Nov 16, 2022 | FTX deal suspended | About $21M collected | Gfinity Esports, The Block |
| Sept 20, 2023 | LCS slot sold to Shopify Rebellion | About $10M | New York Times reporting |
Forbes estimated TSM’s 2020 revenue at $56 million. TSM had held the top spot since 2019.
Forbes most valuable esports organizations, 2022
| Rank | Organization | Valuation |
|---|---|---|
| 1 | TSM | $540M |
| 2 | 100 Thieves | $460M |
| 3 | Team Liquid | $440M |
| 4 | FaZe Clan | $400M |
| 5 | Cloud9 | $380M |
Why the $540M figure is outdated
Forbes calculated the 2022 number while FTX money was still flowing. It also counted a League of Legends franchise, the asset that made TSM valuable. Both are gone. Any site quoting $540 million or more as TSM’s net worth today is using stale data.
Shotcaller's note
Be skeptical of any “TSM net worth” figure above $540M, or any figure labeled current. The most recent Forbes number comes from the 2022 list, before FTX collapsed and before the LCS sale.
TSM VALORANT: five years, no franchise slot, exit in 2025
TSM played VALORANT for five years without ever getting a franchise slot in VCT Americas. It announced its exit on Monday, November 3, 2025, with “no immediate return in sight,” according to Sheep Esports.
Its final season was its best in a while. TSM won Challengers NA Stage 3, which paid $25,000. It then reached the VCT Ascension Americas 2025 grand final and lost 1-3 to ENVY, earning $22,000, according to Outlook Respawn. Only the winner got the promotion spot in VCT Americas 2026.
That explains why TSM dropped VALORANT so soon after making the Ascension final. Losing meant another full year in Challengers, with small prize pools and no partner-league revenue. One series decided TSM’s future in the game.
Did you know?
TSM’s last VALORANT run ended one series short of the league. Outlook Respawn reports it finished runner-up at VCT Ascension Americas 2025 after a 1-3 grand final loss to ENVY.
TSM CS2: what happened to the Counter-Strike team
TSM has no active Counter-Strike 2 lineup. HLTV’s TSM team page lists no active players. The org came back to Counter-Strike in August 2023 after a six-year break, then changed lineups twice before going quiet.
Here is how it went:
- August 2023: TSM returns to Counter-Strike with AWPer MoDo on the roster.
- February 2024: MoDo is benched.
- 2024: TSM builds a Danish core with in-game leader valde, plus acoR and niko.
- December 2024: Insider Gaming reports that TSM released valde, niko and coach Rejin and benched sirah, acoR and Zyphon ahead of the 2025 season. acoR said he would look for a new team.
So who is on TSM’s CS roster right now? No one is listed as active. Check Liquipedia and HLTV before you trust any article that names a current TSM CS2 lineup.
Heads up
Older “TSM CS2 roster” articles often mix up the 2023 MoDo lineup and the 2024 Danish roster. Neither one is active in November 2026.
TSM in 2026: Rocket League, Marvel Rivals and Apex
TSM’s 2026 moves add up to a smaller portfolio. It re-entered Rocket League, joined Marvel Rivals Ignite as a partner and dropped Apex Legends. These are the places to follow TSM now.
Rocket League roster and results
TSM’s previous Rocket League roster left in November 2025. On February 17, 2026, TSM announced its return with the former Project Delacruz roster: Catalysm, Kevin and Sphinx, coached by trill. Gamereactor reported that the team went straight to the RLCS Boston Major.
The roster competes out of Asia-Pacific, not North America. That matters for its biggest result. On August 12, 2026, at the Esports World Cup, TSM beat reigning RLCS World Champions NRG 3-1 in the upper bracket quarterfinal. Sheep Esports called it APAC’s second-ever international win over North America.
The run then fell apart. Liquipedia’s bracket shows TSM lost to Team Vitality and then lost 0-4 to Shopify Rebellion in the lower bracket, finishing 9th–12th. Yes, that’s the same org that bought TSM’s LCS slot.
That run also answers a common community question: why does TSM look dominant one day and get crushed the next? Against NRG, it was the underdog that played above its level. Against Vitality and Shopify Rebellion, results returned to the gap that usually separates APAC from the top regions.
Marvel Rivals Ignite 2026
On February 10, 2026, TSM announced it was an official Rivals Esports Ignite 2026 partner. Ignite is the competitive circuit for Marvel Rivals. The partnership gives TSM a foothold in a new hero shooter without starting from the open qualifiers.
Apex Legends release
TSM released its Apex Legends roster in early February 2026, according to Esports News UK. The timing surprised fans, because the team had just played well at the ALGS Championship. Apex had been one of TSM’s most consistent titles, so this cut was about the business, not results.
Shotcaller's note
To follow TSM in November 2026, watch RLCS events and the Marvel Rivals Ignite circuit. The LCS and VCT no longer have a TSM team.
Andy “Reginald” Dinh and TSM’s reputation
In July 2022, Riot Games found that Andy Dinh showed “a pattern and practice of disparaging and bullying behavior” toward TSM players and staff. TSM was fined $75,000, and Dinh was put on two years’ probation. He also had to complete sensitivity and executive training.
Riot started the investigation after Doublelift’s public accusations in late 2021. Riot said the fine was three times its normal maximum for conduct unbecoming an LCS team member. TSM’s own internal review had cleared Dinh, and the two findings contradicted each other.
The damage was practical. NA players and coaches talk to each other, and a public bullying ruling against an owner makes recruiting harder. Fan subreddits like r/TeamSolomid, once full of roster hype, filled up with posts about the owner instead of the team. Combine that with the FTX collapse a few months later, and 2022 was the year TSM’s reputation flipped.
TSM timeline: 2009–2026
| Date | Milestone |
|---|---|
| Sept 2009 | Andy and Dan Dinh co-found TSM out of SoloMid.net |
| 2013 | TSM joins the first LCS season and wins the Spring split |
| 2019 | Forbes ranks TSM the most valuable esports company |
| Summer 2020 | TSM wins its last LCS title |
| Dec 2020 | Forbes values TSM at $410M |
| June 2021 | $210M FTX naming deal; org becomes TSM FTX |
| Late 2021 | Doublelift publicly accuses Reginald of abuse |
| 2022 | Forbes values TSM at $540M, still #1 |
| July 2022 | Riot fines TSM $75,000; Dinh gets two-year probation |
| Nov 16, 2022 | TSM suspends the FTX deal and drops FTX branding |
| Aug 2023 | TSM returns to Counter-Strike |
| Sept 20, 2023 | LCS slot sold to Shopify Rebellion for about $10M |
| Feb 2024 | MoDo benched from the CS2 roster |
| Dec 2024 | CS2 Danish roster released and benched |
| 2025 | TSM wins Challengers NA Stage 3, finishes second at VCT Ascension Americas |
| Nov 3, 2025 | TSM exits VALORANT |
| Nov 2025 | Previous Rocket League roster leaves |
| Early Feb 2026 | Apex Legends roster released |
| Feb 10, 2026 | Named Marvel Rivals Ignite 2026 partner |
| Feb 17, 2026 | Rocket League return with ex-Project Delacruz roster |
| Aug 12, 2026 | TSM beats NRG 3-1 at the Esports World Cup |
FAQ
Does Team SoloMid still exist?
Yes. TSM is active in November 2026. It competes in Rocket League and is a Marvel Rivals Ignite 2026 partner. It no longer plays League of Legends, VALORANT or Apex Legends.
Why did TSM quit LoL?
TSM sold its LCS slot in September 2023. Reginald said the goal was a “tier-one region” and that the move had been planned for three years. The team was also losing, and LCS economics had gotten worse. TSM has not joined any other League region since.
Why was TSM originally called Team SoloMid?
The team grew out of SoloMid.net, a League of Legends guide site. “Solo mid” refers to one player alone in the middle lane.
What is Team SoloMid’s net worth?
There’s no current official figure. Forbes valued TSM at $540 million on its 2022 list, the most recent edition found. That was before the FTX collapse and the LCS sale, so it overstates TSM’s value today.
Who bought TSM’s LCS spot?
Shopify Rebellion bought the slot for about $10 million, according to the New York Times. It began playing in the LCS in 2024.
Is TSM still a team in 2026?
Yes. Its main roster is the former Project Delacruz Rocket League team: Catalysm, Kevin and Sphinx, coached by trill.
What games does TSM play now?
Rocket League, plus Marvel Rivals through the Ignite 2026 partnership. TSM also runs non-roster businesses such as its Los Angeles performance facility.
Did TSM leave VALORANT?
Yes. TSM announced its exit on November 3, 2025, after a 1-3 loss to ENVY in the VCT Ascension Americas 2025 grand final cost it promotion to VCT Americas.
Does TSM have a CS2 team?
No. TSM released and benched its Danish lineup in December 2024, and HLTV lists no active players.
What happened with TSM and FTX?
TSM signed a $210 million, 10-year naming deal with FTX in June 2021. It suspended the deal on November 16, 2022, after FTX filed for bankruptcy. TSM reportedly received about one $21 million payment.
If you want to follow TSM as a fan, the Rocket League roster is the team to watch. Its 3-1 win over NRG shows the black-and-white can still beat a world champion. Whether TSM can turn that into consistent results will decide whether it rebuilds its reputation or stays known for its past.
Article details
- Fact-checked by Desmond Ayodele against the sources listed below before publication.
- Published
How this article was checked
- Researched from 8 sources, listed below.
- Every claim is checked by Desmond Ayodele; anything we cannot confirm is corrected, labelled or removed.
Sources (8)
- TSM officially exit Riot Games' FPS after five years - Sheep Esports (sheepesports.com)
- TSM exits VALORANT following Ascension grand finals run - Outlook Respawn (respawn.outlookindia.com)
- TSM Rocket League roster for 2026 RLCS season - Esports Insider (esportsinsider.com)
- TSM on X: TSM Rocket League returns for 2026 (x.com)
- TSM returns to competitive Rocket League (again) - Gamereactor (gamereactor.eu)
- TSM earn APAC its second ever international win over North America - Sheep Esports (sheepesports.com)
- Esports World Cup 2026 Rocket League - Liquipedia (liquipedia.net)
- TSM on X: Marvel Rivals Ignite 2026 partner (x.com)